Re: 1975 115hp Lower unit
The throttle and shift cables are the same. The control boxes were different, but the 1992 will fit and work fine. Are you just buying the lower unit? It will not fit the 1992.
If you are buying the whole motor do a compression check first. You are shooting for over 100psi and even,or within 10 percent, on all four cylinders. If its a little lower, but they are still even it may still be a good candidate since you may be able to bring the compression up. Also pay close attention to the overall appearance and condition. If it looks shot it probably is. Then check for spark see if it will jump a 1/2 or 5/8 inch gap with a strong spark.
You can easily spend more fixing this motor up than it is worth so if it is not priced right and in fairly good shape you might want to pass on it.